GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Short Interest Update

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 112,042 shares, an increase of 135.6% from the May 31st total of 47,558 shares. Based on an average daily volume of 622,921 shares, the short-interest ratio is presently 0.2 days.

GAMCO Global Gold, Natural Resources & Income Trust Price Performance

Shares of GGN traded down $0.04 during midday trading on Monday, reaching $4.81. The stock had a trading volume of 547,849 shares, compared to its average volume of 628,461. GAMCO Global Gold, Natural Resources & Income Trust has a 1-year low of $4.31 and a 1-year high of $5.88. The company’s fifty day simple moving average is $5.17 and its two-hundred day simple moving average is $5.31.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be issued a $0.03 dividend. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Wednesday, September 16th.

Institutional Trading of GAMCO Global Gold, Natural Resources & Income Trust

A number of institutional investors have recently bought and sold shares of GGN. Global Retirement Partners LLC lifted its stake in GAMCO Global Gold, Natural Resources & Income Trust by 165.9% during the fourth quarter. Global Retirement Partners LLC now owns 5,771 shares of the investment management company’s stock worth $30,000 after purchasing an additional 3,601 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new position in GAMCO Global Gold, Natural Resources & Income Trust in the fourth quarter valued at approximately $51,000. NBC Securities Inc. increased its stake in GAMCO Global Gold, Natural Resources & Income Trust by 155.6% in the fourth quarter. NBC Securities Inc. now owns 11,500 shares of the investment management company’s stock valued at $59,000 after purchasing an additional 7,000 shares during the last quarter. Equitable Holdings Inc. purchased a new position in GAMCO Global Gold, Natural Resources & Income Trust in the fourth quarter valued at approximately $66,000. Finally, Assetmark Inc. raised its holdings in GAMCO Global Gold, Natural Resources & Income Trust by 40.0% during the first quarter. Assetmark Inc. now owns 14,556 shares of the investment management company’s stock worth $77,000 after purchasing an additional 4,156 shares in the last quarter.

About GAMCO Global Gold, Natural Resources & Income Trust

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN: GGN) is a closed-end management investment company sponsored by GAMCO Investors, Inc The trust seeks to provide current income and secondarily capital appreciation by investing primarily in equity and income‐producing securities of gold, natural resource and other commodity-related issuers. Shares of GGN are traded on the NYSE American exchange, offering investors access to a diversified portfolio of companies involved in mining, energy production and related industries.

The fund’s portfolio typically includes common and preferred stocks, debt instruments, royalty interests and other income-producing securities issued by issuers engaged in exploration, extraction, processing and distribution of precious metals, energy and natural resources.